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  • India to be largest source of energy demand growth: BP Energy Outlook Sep 14, 2020 07:38 PM IST

    India to be largest source of energy demand growth: BP Energy Outlook

    BP said the central view used in the main scenarios is that global economic activity partially recovers from the impact of the pandemic over the next few years as restrictions are eased, but that some effects persist.

  • Oil giants' production cuts come to 1 million bpd as they post massive writedowns Aug 09, 2020 04:02 PM IST

    Oil giants' production cuts come to 1 million bpd as they post massive writedowns

    The dramatic reductions in asset valuations and decline in output show the depth of the pain in the second quarter.

  • BP to invest $70 million in India's Green Growth Equity Fund Jul 07, 2020 07:07 PM IST

    BP to invest $70 million in India's Green Growth Equity Fund

    GGEF already includes investments from the Government of India, through the National Investment and Infrastructure Fund (NIIF), and the UK government, through the Department for International Development (DFID).

  • BP to cut 10,000 jobs worldwide amid coronavirus pandemic Jun 08, 2020 07:48 PM IST

    BP to cut 10,000 jobs worldwide amid coronavirus pandemic

    The global energy industry has been hit hard by the pandemic as the widespread limits on business, travel and public life reduced the need for oil, gas and other fuels.

  • BP, Reliance investing $5 bn in KG-D6 to produce 1 bcf of gas Jul 17, 2019 06:28 PM IST

    BP, Reliance investing $5 bn in KG-D6 to produce 1 bcf of gas

    The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in the country.

  • Reliance, BP to develop deepest gas find in KG-D6 block by 2022 Jun 11, 2019 07:50 PM IST

    Reliance, BP to develop deepest gas find in KG-D6 block by 2022

    MJ, or D55, development is the third project that the partners have taken up to revive flagging natural gas production from KG-D6 block.

  • Reliance Industries, BP to submit revised investment plan for KG-D6 gas finds Aug 14, 2017 02:05 PM IST

    Reliance Industries, BP to submit revised investment plan for KG-D6 gas finds

    Senior executives in the joint venture said four deepsea satellite gas discoveries -- D—2, 6, 19 and 22 are planned to be developed together with D29 and D30 finds in the Krishna Godavari basin of KG-D6 block.

  • G S Singhvi named arbitrator for $1.5 bn ONGC-RIL dispute Dec 26, 2016 03:20 PM IST

    G S Singhvi named arbitrator for $1.5 bn ONGC-RIL dispute

    The government has named former Supreme Court Judge G S Singhvi on the three-member arbitration panel that will decide on the validity of its USD 1.55 billion compensation claim from Reliance Industries for "unfairly enriching" and producing natural gas belonging to ONGC.

  • Exxon Mobil, BP, RIL likely to skip oilfield auction Nov 20, 2016 12:46 PM IST

    Exxon Mobil, BP, RIL likely to skip oilfield auction

    Global energy giants Exxon Mobil, Chevron and BP plc as well as domestic players like Reliance Industries are unlikely to bid in the auction of 46 discovered small oil and gas fields that closes on Monday.

  • Govt grants BP Plc licence to set up petrol pumps in India Oct 16, 2016 02:14 PM IST

    Govt grants BP Plc licence to set up petrol pumps in India

    The government has formally granted a licence to BP Plc, Europe's third-biggest oil company, to set up 3,500 petrol pumps in India, making it the 10th company to enter the lucrative fuel retailing sector.

  • BP gets approval to retail petrol, diesel in India Oct 06, 2016 09:26 PM IST

    BP gets approval to retail petrol, diesel in India

    BP will be the tenth player to enter the lucrative fuel retailing business that is seeing double digit growth, not seen anywhere in the world.

  • BP India gets license to sell jet fuel in India, says company Oct 06, 2016 12:47 PM IST

    BP India gets license to sell jet fuel in India, says company

    "India is a huge market ... Obviously we are a very large player globally in the aviation business, so it makes sense for us to be here," said Sashi Mukundan, regional president and India country head for BP .

  • RIL to relinquish two gas discoveries off east coast Jul 19, 2015 05:49 PM IST

    RIL to relinquish two gas discoveries off east coast

    Reliance Industries (RIL) has decided to relinquish two gas discoveries off the east coast and opted to carry out government prescribed confirmation tests to retain three other finds.

  • Russia's Rosneft in talks to buy stake in Essar Oil Jun 15, 2015 06:41 PM IST

    Russia's Rosneft in talks to buy stake in Essar Oil

    There are negotiations on signing a firm term sheet for beginning of supplies, another source said. At the time of signing crude deal, Russian bank VTB had inked a deal to open a USD 1 billion credit line to Essar.

  • OilMin wants BP to furnish bank guarantee for ATF licence May 03, 2015 05:29 PM IST

    OilMin wants BP to furnish bank guarantee for ATF licence

    The ministry, which had in March rejected BP's application to sell ATF on the ground that its investment does not qualify for a retailing licence, says the Europe's second-largest oil company can still get the licence provided it meets the eligibility criteria

  • India rejects BP's request to market jet fuel Mar 30, 2015 04:18 PM IST

    India rejects BP's request to market jet fuel

    Demand for aviation fuel in India could rise by 2.2 percent in the financial year beginning in April, according to the Petroleum Planning and Analysis Cell in the federal oil ministry.

  • RIL, BP to give $1.2 bn bank guarantee for higher gas price Dec 29, 2013 12:00 PM IST

    RIL, BP to give $1.2 bn bank guarantee for higher gas price

    Reliance Industries and its partners BP Plc of UK and Canada's Niko Resources may have to provide a maximum of USD 1.2 billion in bank guarantees over three years to get nearly double the rate for natural gas being produced from the main fields in KG-D6 block.

  • RIL to repair wells to increase KG-D6 gas output Nov 17, 2013 03:21 PM IST

    RIL to repair wells to increase KG-D6 gas output

    Reliance Industries will repair a third of the wells shut at its main gas field in the eastern offshore KG-D6 block to boost output in the first quarter of 2014.

  • RIL-BP to invest $ 8-10 bn to produce more gas Oct 18, 2013 08:21 PM IST

    RIL-BP to invest $ 8-10 bn to produce more gas

    The meetings come at a time when the Oil Ministry at the insistence of the Finance Ministry is seeking to deny RIL-BP a gas price revision for producing less than projected gas from their eastern offshore KG-D6 fields.

  • RIL wins approval for $3.18 bn plan for R-Series gas field Aug 29, 2013 03:09 PM IST

    RIL wins approval for $3.18 bn plan for R-Series gas field

    Reliance Industries and its partner BP Plc on Thursday won approval to invest USD 3.18 billion in R-Series gas field in the flagging KG-D6 block. RIL-BP plan to quickly bring satellite fields in the KG-D6 block to production to help reverse the decline in output.

  • RIL-BP make huge gas discovery in KG-D6 block May 24, 2013 08:30 PM IST

    RIL-BP make huge gas discovery in KG-D6 block

    Reliance Industries (RIL) on Friday announced a huge natural gas discovery, possibly the biggest find ever, in the flagging eastern offshore KG-D6 block that will be key to arresting falling output.

  • Coal imports hit record high on slow domestic output May 09, 2013 09:02 AM IST

    Coal imports hit record high on slow domestic output

    India's coal imports rose by nearly a third to a record 135 million tonnes in the last fiscal year, data from government sources showed, and are set to grow further as the world's third-biggest producer struggles to raise domestic supplies.

  • Govt seeks details from RIL on KG-D6 investment May 07, 2013 05:25 PM IST

    Govt seeks details from RIL on KG-D6 investment

    The government has asked for certain clarifications from Reliance Industries on the revised investment plan the company had submitted for the main gas producing fields in the eastern offshore KG-D6 block.

  • BP accepts role in spill at trial, aims to spread blame Feb 27, 2013 06:16 AM IST

    BP accepts role in spill at trial, aims to spread blame

    After hearing claims that BP Plc put profits above safety in the first day of court testimony over the 2010 Gulf of Mexico disaster, a senior executive for the oil company insisted the blame should be shared.

  • Reliance, BP to invest $5 bn to boost D6 output Feb 19, 2013 05:56 PM IST

    Reliance, BP to invest $5 bn to boost D6 output

    Reliance Industries said the company and its partner BP Plc plan to jointly invest more than USD 5 billion over the next three to five years to boost output at a key natural gas field off India's east coast.

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